5 Guam Code Ann. § 1507
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Terms Used In 5 Guam Code Ann. § 1507
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
Each head of a department, independent agency, board, or commission shall submit a detailed report by no later than December 31 of each year, unless otherwise provided by law, to the Governor and Legislature on the operation of his department, independent agency, board, or commission during the fiscal year concluded on the preceding September 30, and projecting the goals and objectives of the department, independent agency, board or commissions developed for the program budget report. Any department, independent agency, board or commission may issue such additional reports on its findings and recommendations as its operations require.
SOURCE: GC § 5150 added by P.L. 14-015:1 (Apr. 5, 1977); amended by P.L. 16-060:1 (June 5, 1981).
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COL 7/27/2023
5 Guam Code Ann. GOVERNMENT OPERATIONS
CH. 1 OFFICE OF THE GOVERNOR
COMMENT: Amendment made to reflect change in the government’s fiscal year to correspond to the federal government’s fiscal year, as required by § 30 of the Organic Act.